New IMF Paper Challenges Neoliberal Orthodoxy
A new IMF paper takes on some neoliberal sacred cows.
Read more...Category Archives: Free markets and their discontents
Scenes From Paris Protests (and an Update from Alison)
A sighting from the protests in Paris over proposed anti-labor regulations.
Read more...Philip Mirowski: This is Water, or Is It the Neoliberal Thought Collective?
The history, internal contradictions, and frequent mischaracterization of the nature and operation of neoliberal ideology.
Read more...IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough
The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Read more...Free Trade in Rhetoric, Not in Practice
The gap between the posturing and practice of free trade.
Read more...Reader Note on Strikes in France: “Pass the Popcorn”
Transportation unions and airport workers are joining strikes in France to protest new labor laws,….right before the Euro Cup and tourist season.
Read more...Neoliberalism’s Press Gangs: How Markets Raise Costs
Neliberalim’s press gangs – forcing citizens to participate in capitalism when even it produces worse outcomes than public ownership would.
Read more...The 7 Biggest Myths and Lies About Social Security
An antidote to Peterson Foundation anti-Social Security Kool Aid.
Read more...Inflation Targeting and Neoliberalism, Part 3
Yves here. In a bit of synchronicity, this post continues the theme of Dipherio’s podcast over the weekend on NAIRU, describing how other central banks around the world look at the issue of what inflation rate to try to achieve and why. I’m a little surprised that Epstein did not mention how the Fed kept […]
Read more...How the “Maximize Shareholder Value” Myth Weakens Companies and Economic Systems
A multi-level, biological perspective on business shows how simple-minded ideas like “maximize shareholder value” and tolerating predators aredestructive.
Read more...Economics for the Rest of Us Explains NAIRU, Including Its Political Implications
An explanation of NAIRU for novices, as well as a discussion of its politics.
Read more...The New Abnormal: “Disequilibrium Flirting with Deflationary Depression”
The New Abnormal: a period of profound disequilibrium as the aftershocks of the Crisis collide with and complicate structural changes.
Read more...Germany and IMF in Staredown Over Greek Debt Relief
The IMF and Germany have staked out irreconcilable positions on Greece. Who will blink first?
Read more...After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It
Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Ian Fraser: Just How Corrupt is The UK?
Never mind the “fantastically corrupt” Afghanistan and Nigeria. What about the UK?
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